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The Latest Breaking News from National Debt

Rand Paul Blasts $432 Billion Record Deficit as National Debt Nears $40 Trillion: 'Time for Washington to Get Serious'

Sen. Rand Paul (R-Ky.) has demanded action on federal spending after the U.S. government posted a record $432 billion budget deficit for July.

Benzinga

Interest on national debt now costs Treasury $3 billion a day, finds the CBO—after U.S. spends $10 billion propping up the currency of its top lender

The CBO reported that net interest on public debt totaled $963 billion between October 2025 (when the fiscal year begins) and July 2026.

Fortune

Peter Schiff Warns $39.8 Trillion US Debt Is Trapping Fed in Rate-Hike Dilemma: ‘The More Important It Becomes to Raise Rates’

Economist Peter Schiff warned that America’s mounting national debt could leave the Federal Reserve caught between keeping interest rates high enough to contain inflation and keeping borrowing costs manageable.

Benzinga

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Nikki Haley Warns US Is Weeks Away From $40 Trillion Debt: 'We're Leaving an Entire Generation Broke'

With the U.S. on track to cross $40 trillion in national debt within weeks, former U.S. Ambassador Nikki Haley accused politicians of ignoring what she called one of the biggest financial threats facing younger Americans.

Benzinga

Scott Bessent is using moves from his hedge fund days to prop up Japan's yen—and America's $40 trillion national debt

The man who once shorted currencies is now propping them up. “He takes risks that other Treasury Secretaries over the past two generations wouldn't.”

Fortune

'A fantastic amount of money to have borrowed': a top Wall Street wealth advisor is stunned by the national debt

“I’m most focused on the fiscal situation in this country,” Rockefeller Capital Management’s Greg Fleming told David Rubenstein.

Fortune

Trump broke his promise to lower—and eliminate—the national debt. A top investor thinks he’s the ‘worst-spending president in history’

“The number one job of the President is to get the deficit under control,” Jason Calacanis wrote in a post on X.

Fortune

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Nikki Haley Says Washington Is Borrowing $60,000 Every Second as Congress Takes Summer Recess: 'Our National Debt Is Spiraling'

Former U.S. Ambassador Nikki Haley criticized Congress on Monday, accusing lawmakers of ignoring the nation’s growing debt burden as the House and Senate prepared for their summer recess.

Benzinga

Trump's new $950 billion tariff scheme still leaves a 40% shortfall in his grand plan to rebalance the $39 trillion national debt, finds budget study

"We currently estimate that the tariffs enacted and proposed under this administration since January 2025 will generate about $825 billion less revenue through FY 2036 than estimated," the Committee for a Responsible Federal Budget says.

Fortune

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it’s still worse somehow

“Japan’s debt dynamics are fundamentally different from those of the United States … Japan is the world’s largest creditor nation. The U.S. is the world’s largest debtor.”

Fortune

'1,000% Going Bankrupt': Elon Musk Warns US Will Fail Without Robots

Elon Musk claims the US is '1,000%' headed for bankruptcy unless AI and robots turbocharge growth within three years, as America's $39 trillion national debt hits its highest level since World War II.

International Business Times UK

Jamie Dimon wouldn't be putting more of his own money in the long end of the bond market right now, thanks to $39 trillion national debt fears

"These are very high debt numbers ... Usually you have to have like a great recession or a depression to have or war to have numbers like that," Dimon said.

Fortune

The national debt is over 100% of GDP and most of Congress is ignoring wishes to rein it in. It’s time to amend the Constitution

Today, U.S. debt held by the public currently stands at a staggering $31.68 trillion, a little more than 100% of GDP. According to the nonpartisan Congressional Budget Office (CBO), if Washington continues to embrace its standard operating procedure, that figure is projected to climb to a stunning 175% of GDP…

Fortune

United States' $39 trillion national debt will mean fewer jobs at lower wages for Gen Z, according to think tank

"The growing national debt will both shrink the labor market and drive down wages, contributing to an uncertain economic future for millions of younger Americans," wrote the Peterson Foundation.

Fortune

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Benzinga

Peter Schiff Warns Rising Interest Rates Are a 'Much Bigger' Threat With US Debt Nearing $40 Trillion

Renowned economist Peter Schiff has issued a stark warning regarding the trajectory of the United States’ financial health as the total federal debt has officially surged to a record $39.4 trillion. Commenting on the rising interest rates on the multi-trillion-dollar national debt, Schiff cautioned that the country is rapidly “nearing…

Fortune

AI could wipe $2.2 trillion off the national debt, but there's a catch

A new Brookings/Fed paper finds AI productivity could meaningfully shrink the U.S. deficit — until you count the side effects, which could erase more than half the savings before Washington even cashes the check.

Fortune

Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire

A national debt, fading empire and military victory that wasn't: Has America met its Suez Crisis with the Hormuz affair?

Fortune

Tariffs are generating only 25% of the revenue needed to pay interest on national debt—despite pitch that it would be a silver bullet

The CBO reported that between October and May 2026, the government has spent $742 billion servicing the debt burden, an increase on the $674 billion spent for the same period last year.

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The Guardian - AU

Personal loans booming as cost of living drives Australians to borrow record amounts

National debt helpline calls have increased alongside growth in new personal loans, which charged an average 9% interest in March

Fortune

'Where we are today is frightening': a Pulitzer-winning historian sees a doomsday scenario involving China and the national debt

Liaquat Ahamed, whose “Lords of Finance” redefined the Great Depression, says America’s debt crisis has a clear historical precedent.

Fortune

Top JPMorgan analyst maps 5 ways America's debt crisis could unfold—and the 'best case' is still alarming

JPMorgan's David Kelly maps out five scenarios for the national debt over the next decade — the best-case is pretty, pretty bad.

Fortune

Interest on the national debt is eating a record 19% of federal revenue — and watchdog warns it will get worse

The 30-year Treasury yield just hit its highest point since before the Great Recession. A leading fiscal watchdog warns the timing could not be worse.

Fortune

U.S. national debt officially hits $39 trillion—adding $5 billion a day since October

According to Treasury data, updated retrospectively for May 18, the debt landed at $39,008,999,901,378.68.

International Business Times UK

Robert Kiyosaki Warns Governments Will Print More 'Fake Money' — Recommends Bitcoin, Gold, and Silver

Robert Kiyosaki warns about inflation and national debt threatening the US economy, criticizes the Federal Reserve, and recommends investing in gold, silver, and cryptocurrencies for protection.

Fortune

Top economist says $39 trillion national debt leaves government worse prepared for recession than ever

The Fed’s hands would be tied in the case of a downturn.

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